||||| Financial Management
The
Fixed Assets Module is an optional module in e-Solution Financial.
This module helps you in managing you organization’s fixed assets by
keeping a fixed asset register. It is capable of handling the
entire life cycle of fixed assets including purchase, change,
depreciation, impairment, disposal and retirement.
Track Assets by Departments
Fixed
assets may be used by a specific department or shared by a few
departments. You can track each asset item by departments with
depreciation expense charged to the respective departments.
Straightforward Depreciation Process
Being
integrated with the General Ledger, all fixed asset transactions
including periodic depreciation are captured directly into the GL.
Depreciation can be done periodically for all assets or for a selected range of
assets. Commonly used depreciation methods such as straight-line and
accelerated are supported. The
program calculates the depreciation based on the number of depreciation
periods selected and posts depreciation amounts to the predefined
accounts. It can also be set up to automatically charge depreciation
expense to the departments that owns the fixed assets.
Various Types of Fixed
Asset Transactions Supported
Other fixed asset
transactions can be recorded directly in the financial modules (e.g. GL,
AR, AP, payment and receipt). Fixed asset transactions include:
Purchase, Disposal, Modification and Impairment.
Reports and Enquiries
In addition, the program
comes with full range of fixed asset reports and enquiries designed to
help users achieve more efficient use and management of fixed assets.
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